Paul will turn the company around. It will start with restructuring the debt and corporate reorganization. I see Hertz stronger in 2022 than it was last year. I have total faith in Paul and his team. The stock will be at $20 by the fall of 2022. I'm buying shares$$$$$$$!
11 replies (most recent on top)
Left dead on the side of the road like road k–l after Paul and friends steal what cash is left
Rotting due to high flying execs and sleepy board ...including ICahn..
In case studies at business schools...how execs and board put a blind eye to the sad state of affairs and cash flow issues.
Reiterate...CASH IS KING. Never trust the BS or IS.
In line for government cheese.
It's all about the Benjamin's now. Hertz will go from Chapter 11 to Chapter 7 liquidation before EOY. Travel likely to be sluggish returning to pre-COVID levels (and profit margins), even with airlines increasing flights. Summer travel season is toast. The 600-pound gorilla in the room is the company’s $19 billion debt burden, most of it financed with the fleet as collateral. Stopping new vehicle acquisitions and selling off 200K cars this year will barely dent the balance sheets. They won't be able to pay off their debt fast enough with a vastly reduced fleet and downsized infrastructure. Bondholders see the handwriting on the wall and want their money before it's all gone. Executive leadership is greedy, corrupt, and exhibit no genuine concern for the company’s survival. They will continue to blow sunshine up surviving frontline employees' kazoos, max out their golden parachutes, then bail. It will take a miracle and the extreme forebearance of lienholders for Hertz to stick around.
Hertz will be back on track and out of Ch 11. Paul and team have turned things around. Hertz has adjusted the business to the new norm and is once again leading the way ahead of all competitors. Stock prices skyrocket to $65 and those who invested in the round of stock offerings in 2020 are reaping the rewards. The executive team in Estero has never been so diverse Paul is the only white male on the SMT. Hertz is #1. Now back to eating my magic mushrooms.
Hertz will be forced to focus back on its core business. DTG will be gone sold off for much needed cash (I hear that is already in motion) Donlen will be gone as well. HLE will still operate but hundreds of locations are closing. Airport operations will only be operating in the key AP's.
Going to be a fire sales on any division they can get money for. HLE and Donlen will be sold. Would not be surprised it Lyft took over a chunk of locations as they launched their own rental platform. If Hertz is still in business will be nothing like its now.
In Cousin Eddies Sh–ter
HLE prob gone. Thrifty gone. The fleet half it size